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===[[File:LVT.png]] Land Value Tax=== |
===[[File:LVT.png]] Land Value Tax=== |
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Georgists believe that implementation of a '''Land Value Tax''' ('''LVT''' for short) would help with problems such as [[w:Speculation|Speculation]] and undeveloped land, and would allow us to cut down on other taxes. |
Georgists believe that the implementation of a '''Land Value Tax''' ('''LVT''' for short) would help with problems such as [[w:Speculation|Speculation]] and undeveloped land, and would allow us to cut down on other taxes. |
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Georgists believe that because an LVT taxes unimproved land, Land Hoarders who just buy land and wait for it to become more expensive as time goes on without improving it will be taxed on the value of that land completely, giving them no profit. And because landlords have an incentive to make money, they’ll have to actually develop and improve their land. |
Georgists believe that because an LVT taxes unimproved land, Land Hoarders who just buy land and wait for it to become more expensive as time goes on without improving it will be taxed on the value of that land completely, giving them no profit. And because landlords have an incentive to make money, they’ll have to actually develop and improve their land. |
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